Is it a good idea to sell a House in Houston?
Houston had the largest net population gain in the past year. Having said this, it does not mean it is always a good time to list your property.
March and up to July are considered the home-selling months. You can sell faster and earn higher sale proceeds during this time of the year.
Here it the data for November in Houston
At times selling a house is a personal thing. Here’s when you can consider selling your home:
When You Need a Change in Life
Sometimes there are situations that demand a change in your life such as:
Job-Relocation: Say, you have received an appealing job offer, but it demands relocation. A situation like this can force you to sell your house in a slow market.
Favorable Neighborhood: You may need a safe neighborhood for your family or a house closer to your kids’ school.
Divorce: Homes often hold a sentimental value for couples. But after a divorce, you may think of selling it as a practical option.
When Market Conditions Are in Your Favor
Favorable market conditions can get a top-dollar rate. Some factors that affect the real estate market are:
Economy: Economic indicators like manufacturing activity, GDP, employment data, costs of goods, etc. influence the market. When the national economy is slow, so is the real estate market.
Interest Rates: Lower interest rates boost the demand for mortgages. This affects the real estate sector, thus, increasing the price of the homes.
Government Policies: Implementing tax credits, subsidies, and deductions are some of the ways the government can temporarily impact the housing market.